Economist To Eat His Own Hat
This has already been posted in the comments, but just to get it on the record. "'Fifteen percent price appreciation is too much, even for me,' David Lereah, chief economist at the National Association of Realtors. 'The real estate market is taking on a life of its own right now and we need to get a handle on it.'"
"I do agree with (Federal Reserve Chairman Alan) Greenspan there's some froth now in the market."